The government has asked state-run lenders to explore consolidating their overseas business currently done through foreign branches in the International Financial Services Centre (IFSC) housed […]
Tag: banks
Airtel Payments Bank rolls out face authentication for AePS
Airtel Payments Bank has rolled-out face authentication for AePS (Aadhaar-enabled Payment System) at its 500,000 banking points as part of its collaboration with the National […]
NARCL progress hit on government guarantee delay
Renewal of federal guarantees, which expired last fiscal, is delaying the takeover of bad loans by the state-backed National Asset Reconstruction (NARCL), said people familiar […]
Large corporates will never be allowed to open a bank in India: N Vaghul
Large corporates will never be allowed to open a bank in India, veteran banker N Vaghul has said. Vaghul said India has learnt from its […]
Uday Kotak clarifies his statement, calling dollar as “financial terrorist”
Kotak Mahindra Bank Chief Executive Officer Uday Kotak on Sunday clarified his statement which mentioned the dollar as the “biggest financial terrorist in the world”. […]
Special drive by public sector banks likely to recover written-off loans
State-run banks are likely to launch a special drive to recover written-off loans after the government nudged them to fast-track proceedings against errant borrowers. A […]
Reliance General to accept CBDC e-Rupee through Yes Bank
Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) […]
RBI monitoring banks’ business models more closely, says governor Shaktikanta Das
The Reserve Bank of India (RBI) has started to monitor the business models of banks more closely, said RBI governor Shaktikanta Das on Thursday, while […]
RBI approves reappointment of N Kamakodi as City Union Bank MD and CEO
The Reserve Bank of India has given its consent for the re-appointment of N Kamakodi as Managing Director and CEO of private sector bank City […]
High balance bank accounts without updated KYC details under the lens
The government and the banking sector regulator are looking into operative accounts with significant balances that have not updated their know your customer (KYC) details. […]